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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Tomas who wrote (62157)3/15/2000 8:05:00 AM
From: Post_Patrol  Read Replies (1) | Respond to of 95453
 
OF PRODUCER'S PACT SEND PRICES DOWN
On March 27, the 11 members of OPEC will meet in Vienna along with other oil producers including Mexico and Norway to decide how much oil they will unleash on the market.
Signals from the main OPEC producers indicate that leading producers want any extra supply produced from April unofficially to come on top of current leakage, now estimated at between 1.2 and 1.4 million bpd.

Outside OPEC, Mexico is expected to no longer restrain output at all, adding a further 300,000 bpd, although nothing is official yet.